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News: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Container Manufacturing Promotion Scheme with a budgetary outlay of ₹10,000 crore.
About Container Manufacturing Promotion Scheme (CMPS)
- The Container Manufacturing Promotion Scheme (CMPS) was announced in the Union Budget 2026–27.
- Aim: It aims to establish a globally competitive container manufacturing ecosystem in India, reduce import dependence and strengthen supply-chain resilience.
- Duration: The scheme has a budgetary outlay of ₹10,000 crore up to FY 2039–40.
- Scheme Components: The scheme has three major components:
- Interest Subvention Assistance (₹859 crore): It provides 3% annual interest subvention on eligible term loans for new manufacturing facilities and expansion of existing units.
- Operational Expenditure Assistance (₹8,891 crore): It provides financial assistance for containers manufactured as per global shipping standards and sold by eligible manufacturers to improve their competitiveness
- Testing and Certification Assistance (₹150 crore): It supports common testing facilities, including dynamic longitudinal impact testing.
- Key Features:
- Manufacturing Capacity: It aims to increase annual domestic capacity around ten-fold to 7.5 lakh TEUs.
- Employment Generation: It is expected to create 3,000 direct and over 50,000 indirect jobs.
- Export Potential: The scheme has the potential to position India as a global export hub for quality shipping containers and strengthen maritime and logistics supply chains.
